• @[email protected]
    link
    fedilink
    English
    2011 months ago

    Well, as you’ve likely noticed, capitalism only works a theoretical construct. It makes the assumption of an ‘ideal’ market, which very much violates the laws of physics. As a result, no country actually employs unregulated capitalism.

    • @[email protected]
      link
      fedilink
      English
      411 months ago

      Adam Smith wanted regulated capitalism.

      Free market capitalism was never his idea. That’s robber barons like Jeff that promoted that shit and came up with the idea.

    • @affiliate
      link
      English
      311 months ago

      i don’t think it works even in a theoretical context. like you said, it requires assumptions that violate the laws of physics. i don’t think that’s a great starting place for any political/economic system.

      • @[email protected]
        link
        fedilink
        English
        211 months ago

        Well, I did write construct, not context. So, yeah, I do mean that you need to make up a fundamentally different reality (where everything happens in a singularity) for it to then potentially work as the theories say.

        And while we can have arguments on whether those theories with fundamentally wrong axioms can still be mapped to reality, monopolization is a very obvious example where it falls apart and we do need regulation from the outside.

        • @affiliate
          link
          English
          211 months ago

          oh i misread that the first time. yeah i completely agree. i was even thinking of saying the thing about monopolies in my comment, i think it’s a pretty good example of how things start to fall apart.

          making up fundamentally different realities does sound like fun though, just not for the purposes of trying to justify capitalism.